Intellect Design Arena Ltd, a cloud-native fintech firm serving banking and insurance clients across the globe, has launched its ‘first principles’ technology suite, ‘eMACH.ai’, tailored for bankers in the Middle East and Africa.
This suite, an open finance platform, is based on five core principles: configurability, richness, scalability, ease of integration, and composability. It empowers banks to create their own ‘My Signature Solution’ by leveraging artificial intelligence to optimise operations.
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Intellect Design Arena focused on Customer Centricity
With eMACH.ai, Intellect Design Arena aims to prioritise customer satisfaction and regulatory compliance. Financial institutions can orchestrate their offerings based on customer-centric events, ensuring a seamless experience. This orchestration is facilitated by a set of self-sufficient services known as Microservices, which collaborate with other services to provide a range of offerings from credit decisioning to regulatory reporting.
Seamless Experience with AI
Deployed on a native cloud environment, eMACH.ai offers a seamless experience through feature-built UI/UX or ‘Headless’, allowing financial institutions to customise their UI/UX as per their requirements. The suite also includes embedded AI for operational efficiency and smart decision-making, making it a comprehensive solution that addresses the current and future needs of financial institutions.
Successful Adoption
Arun Jain, CMD and chief architect of Intellect Design Arena Limited, highlighted the success of eMACH.ai, stating, “We have secured 29 mandates from global banks who have chosen to use eMACH.ai services. We have conducted over 150 eMACH.ai workshops to assist these banks in designing their future strategies around customer opportunities rather than just focusing on technology maximisation and optimization.”
Supporting Banks and FIs in the Middle East and Africa
The eMACH.ai suite is designed to support banks and financial institutions in the Middle East and Africa by empowering them with 329 microservices, 1,757 APIs, and 535 events. It acts as a catalyst for digital and cognitive enterprise transformation, guiding banks to stay ahead in the rapidly evolving financial landscape. Furthermore, eMACH.ai aims to foster financial innovation in the region, redefine the future of financial technology, and give the Middle East and Africa a global edge.
Future Focus
Looking ahead, eMACH.ai will continue to help financial institutions transform technology, leveraging marketplaces like IDC, iKredit360, digital transaction banking, digital wealth management, and insurance. It signifies a shift towards digital and cognitive enterprise transformation, positioning Intellect Design Arena as a leader in guiding banks to embrace the future of finance.